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Tariff Impact Tracker from Earnings Calls

Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.

Vornado Realty Trust

VNO2025-05-06Real EstateGlobal
Neutral

The objectives of the tariffs are to introduce symmetry and fairness, but even more so to generate a new revenue stream for the federal government.

Operations
The potential effects of tariffs may create operational uncertainties for tenants, indirectly impacting Vornado's business.
Financial Impact
Market volatility due to tariff policies has affected financing markets, which could impact future capital raising efforts.

SiriusPoint

SPNT2025-05-06InsuranceGlobal
Neutral

We continue to proactively monitor the impact that tariffs may have as the situation evolves...

Strategy
The company is adjusting its pricing, risk appetite, or book positioning in response to tariff uncertainties.
Cost Impact
There is a focus on monitoring data related to tariffs that could affect costs.

Henry Schein

HSIC2025-05-05Healthcare DistributionGlobal
Neutral

We have been working closely with our suppliers and customers to address the impact of current tariffs.

Cost Impact
The company has diversified sourcing to mitigate financial impacts from current tariffs.

Inspire Medical Systems

INSP2025-05-05Medical DevicesGlobal
Neutral

our exposure to recently-implemented tariff policies is de minimis.

Cost Impact
The impact of tariffs on the company's operations and costs is minimal.

Park Hotels and Resorts

PK2025-05-05HospitalityGlobal
Negative

the ongoing global trade war continues to delay decision-making and amplify geopolitical tensions, causing booking windows across most segments to narrow significantly in disrupting cross-border leisure travel load.

Guidance Impact
Due to uncertainties related to the trade war, the company lowered its RevPAR growth forecast for the year.
Revenue Impact
The uncertainty from tariffs and trade wars is leading to decision-making delays for bookings, affecting revenue potential.

Freshpet

FRPT2025-05-05Consumer Packaged GoodsGlobal
Negative

We are still assessing the potential sales impact of any retaliatory tariffs, as we do export pet food from the US to Canada and the UK.

Cost Impact
We do expect to experience some impact from tariffs, particularly related to the increased cost of steel for new construction and new equipment.

Matson

MATX2025-05-05TransportationGlobal
Negative

Since the tariffs were implemented in April, our container volume has declined approximately 30% year-over-year.

Revenue Impact
The decline in container volume due to tariffs is expected to lower revenue from shipping operations.
Guidance Impact
The company has lowered its 2025 outlook due to uncertainty regarding tariffs and global trade.

RLJ Lodging Trust

RLJ2025-05-05HospitalityGlobal
Neutral

Our team has done a line-by-line assessment of what the impact would be, assuming that whatever was announced comes into place.

Cost Impact
FF&E is impacted by tariffs, which historically comprised about 40% of renovation costs.

Certara

CERT2025-05-05BiotechnologyGlobal
Neutral

Certara is isolated directly from the tariffs, nothing we sell would be subject to a tariff.

Operations
Certara's business operations are not directly impacted by tariffs as their products are sold into an R&D market.
Cost Impact
Potential indirect impacts on customer budgets due to broader market conditions influenced by tariffs.

Air Lease

AL2025-05-05AerospaceGlobal
Negative

Tariffs would further weaken the supply chain to the airframe OEMs.

Supply Chain
Tariffs could negatively impact the supply chain for aircraft manufacturers.
Strategy
The uncertainty surrounding tariffs may influence long-term planning and strategies of airlines and leasing companies.
Financial Impact
Potential tariffs could lead to increased costs for airlines, indirectly affecting lease rates and demand for new aircraft.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.